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VANCOUVER, BC /ACCESSWIRE/November 3, 2022/ Wildpack Beverages Inc. (TSXV:CAN)(OTCQB: WLDPF) (“wild pack”) and Woodstream Corporation (“Woodstream“) are pleased to announce a partnership that aligns both companies’ sustainability values, while ushering in a new category in the aluminum can format, Hummingbird Nectar.
Wildpack and Woodstream have executed a manufacturing contract whereby Woodstream nectar will be canned at Wildpack’s facilities, rather than manufactured in plastic bottles, as it has always been packaged. This innovative change will eliminate approximately 150 tonnes of plastic, which is a major positive step in reducing the one million birds that die from plastic each year.
“A partnership that eliminates single-use plastics, while welcoming a newcomer to the aluminum can format, is a win-win situation for us,” said Mitch Barnard, President and CEO. “Environmental sustainability is a core value and drives our focus on the aluminum can format. So when Woodstream approached us to help them achieve their sustainability goals, we were eager to think outside the box and adapt our processes to non-traditional segments.
Steve Lorraine, SVP – Wild Bird Division said “Our commitment to reducing our environmental footprint is demonstrated through this partnership. The values of our organization are rooted in continuous improvement and innovation. We are always looking for new ways to improve our efficiency and working with Wildpack we will help drive even further sustainable practices.”
Hummingbird nectar is an off-season product. Wildpack continues to focus on building a strong customer base that is less affected by seasonality compared to its former skewed customer base in the summer.
By: “Mitch Barnard”
Chairman and Chief Executive Officer and Director
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Wildpack is engaged in beverage manufacturing and packaging operating in the middle market providing sustainable filling, decorating, packaging, brokerage, sleeve/label printing and logistics services to brands across United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and six facilities in Baltimore, Maryland, Grand Rapids, Michigan, Atlanta, Georgia, Longmont, Colorado, Sacramento, California, and Las Vegas, Nevada, with an emphasis on digital innovation and green preparation. drink packaging. Wildpack began trading on the TSX Venture Exchange under the symbol “CANS” on May 19, 2021, and on the OTCQB Venture Market under the symbol “WLDPF” on February 23, 2022.
Woodstream is a global manufacturer and marketer of a broad portfolio of branded pest control and lawn and garden products, under brands such as Victor®, Terro®, Perky-Pet®, Havahart®, Safer®, DynaTrap® and Mosquito Magnet®, including others. The Company’s products, which hold leading market shares in their respective segments, are sold at more than 100,000 retail outlets and professional pest control suppliers in the United States, Canada and around the world. other international markets.
Caution regarding forward-looking information
This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws, including, but not limited to, statements regarding Wildpack’s plans, investments from private placements, expected revenues manufacturing agreements, appointment to the board of directors, plans to build additional facilities, financial performance and operational performance, expected growth of the co-packing business, revenue estimate, timing and M&A activity objectives, costs, future capital expenditures, and the success of ramping up production. Forward-looking statements are based on a number of estimates and assumptions which, although considered reasonable by management, are inherently subject to significant business, economic and competitive risks, including, but not limited to: risks relating to the successful integration of acquisitions; operational risks; risks relating to general economic conditions and the availability of credit, the ability to obtain sufficient and suitable financing, actual results of ongoing production and decoration, fluctuations in aluminum prices; failure of plant, equipment or processes to perform as intended; accidents, labor disputes, title disputes, claims and limitations of insurance coverage and other risks of the co-packing industry; delays in completing investment activities, changes in national and local government regulations of manufacturing operations and labor laws, particularly in light of the COVID pandemic, tax rules and regulations, and political and economies where Wildpack operates. These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”. , “expects”, “believes”, or “continues”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause that future results, performance or achievements will be materially different from the estimated future results, performance or achievements expressed or implied by such forward-looking statements and forward-looking statements. forward-looking statements are not guarantees of future performance. Forward-looking statements expressed or implied by Wildpack are subject to a number of risks, uncertainties and conditions, many of which are beyond Wildpack’s control, and undue reliance should not be to these statements. Although Wildpack has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements, other factors may cause results not to be anticipated, estimated or intended. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of Wildpack’s business, including that Wildpack’s assumptions in making the forward-looking statements may prove to be incorrect; delays in filing financial information; adverse market conditions; risks inherent in the beverage manufacturing and packaging industry generally; that future results may differ from historical results; and competition in the markets where Wildpack operates. Except as required by securities law, Wildpack undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THE SOURCE: Wildpack Beverages Inc.
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